Telecommunications company MTN Ghana has announced new charges on transfers from Mobile Money (MoMo) wallets to bank accounts, effective June 1, 2026.
In a text message sent to customers on Monday, the company stated that transfers from MoMo wallets to bank accounts will now attract a fee of 0.75 per cent per transaction, capped at GHS 5.
The message to customers read: “From 1 June 2026, transfers from your MoMo Wallet to bank accounts will attract a fee of 0.75% per transaction, capped at GHS 5.”
According to MTN Ghana, the new charge is intended to support improvements in service delivery.
“This will help us continue to serve you better,” the company stated.
The announcement is expected to spark discussions among mobile money users, especially individuals and businesses that frequently depend on MoMo-to-bank transfers for transactions, salary payments, and other daily financial activities.
Under the new policy, customers transferring funds from their MoMo wallets into bank accounts will pay a percentage-based fee, although the maximum amount deducted on a single transaction will not exceed GHS 5.
